Renewable Energy Generation Capacity Fee Adjustment Amount definition

Renewable Energy Generation Capacity Fee Adjustment Amount means, with respect to any period between Sustainability Pricing Adjustment Dates, (a) positive 0.005%, if the Renewable Energy Generation Capacity Percentage as set forth in the applicable KPI Metrics Certificate is less than the Renewable Energy Generation Capacity Percentage Threshold, (b) 0.000%, if the Renewable Energy Generation Capacity Percentage as set forth in the applicable KPI Metrics Certificate is more than or equal to the Renewable Energy Generation Capacity Percentage Threshold but less than the Renewable Energy Generation Capacity Percentage Target, and (c) negative 0.005%, if the Renewable Energy Generation Capacity Percentage as set forth in the applicable KPI Metrics Certificate is more than or equal to Renewable Energy Generation Capacity Percentage Target.
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Related to Renewable Energy Generation Capacity Fee Adjustment Amount

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Electric generation service means the provision of retail

  • Basic generation service or "BGS" means electric generation

  • Basic gas supply service means gas supply service that is

  • Class I renewable energy means electric energy produced from

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Class II renewable energy means electric energy produced at a

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Day-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource:

  • Energy year or "EY" means the 12-month period from June 1st

  • Capacity Storage Resource means any hydroelectric power plant, flywheel, battery storage, or other such facility solely used for short term storage and injection of energy at a later time to participate in the PJM energy and/or Ancillary Services markets and which participates in the Reliability Pricing Model.

  • Capacity Utilization Factor or “CUF” Shall have the same meaning as provided in CERC (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2009 as amended from time to time. Here, the CUF is expressed in AC terms.